Higher Rates Fail to Stop Steel Upturn
Stocks turned irregular as call money rates rose due to banks withdrawing 50 million dollars for week end needs. United Steel led gains echoing broader advances in American Can, Bethlehem, RePublic, and other issues while oil and metal shares climbed.
MENTIONED IN THIS ARTICLE
United Press
New York
United Steel
Independent Steels
Republic
Bethlehem
American
American Can
Sears Roebuck
Loft
Graham Paige
Manhattan
Packard
Radio
Hupp
Studebaker
Warner Brothers Pictures A
Chrysler
Atlantic Refining
Wall Street Journal
Financial Review Today
Federal Reserve
Hog Prices Drop on Heavy Receipts at New York Stockyards
New York stocks report shows hog receipts around 5 500 pushing prices down 10 to 25 cents per hundredweight. Best hogs sold to 12.75, bulk 12.10 to 12.75. Cattle steady with vealers up to 18 50, sheep and lambs steady, fat hogs 5 6. Chicago market opened slow with lighter sales and lower bids. receipts 14 000. Beef steers 13 50 to 16, beef cows 9 41 to 11 50, stock and feeder steers steady as receipts increased.
MENTIONED IN THIS ARTICLE
Chicago
United Press
FT. Wayne
Ind
Amg
Cincinnati
Cleveland
Pittsburgh
Trong
Hogs and Cattle Prices Across Cities Aug 17
Regional livestock market report covering Chicago Cincinnati Cleveland Pittsburgh and Louisville with receipts hogs and cattle varying by weight and grade. Notable prices include choice hogs 180-210 lbs at 12.85, vealers 16.50-18.50, beef steers 12.50-16.60, fat cows 6.50-10.50, lambs 13.50-15.00, and multiple weight bands across markets.
Cotton Market Reacts to Deterioration Notes and Prices
In New York on August 17 traders showed strong interest in cotton with bids around 19.50 for October and December. A reaction followed as reports of deterioration and insect damage circulated. Hedge selling slowed the advance, and short covering rose while the market debated the crop size versus current estimates.
MENTIONED IN THIS ARTICLE
New York
Butter and dairy prices across markets pulse with change
Wholesale butter prices stand at No 1 49 50c No 2 46 47c while butterfat buys at 46 47c Cheese and eggs show varied wholesale quotes across Wisconsin Indiana and New York markets with Longhorn and New York Limberger among listed varieties. Poultry prices reflect fresh deliveries from Indianapolis and regional buyers with Leghorn hens turkeys and ducks priced per dozen or per pound. Midwest and Cleveland markets report steady cheese and potato values as wheat corn oats and futures drift on the Board of Trade while Toledos spot prices list grains and hay right alongside cash butter and egg figures.
MENTIONED IN THIS ARTICLE
Wisconsin
New York
Indianapolis
United Areas Cago
Board of Trade
Liverpool
Minneapolis
Broomhall
Iowa
Nebraska
Grain bids and inspections from Indianapolis Board of Trade
The Indianapolis Board of Trade posted firm bids for grain with basis 41 1/2 cents NY rate. Wheat bids ranged from No 2 red 1.29 to No 2 hard 1.04. Corn bids included No 3 white 90 to 91 cents and No 4 white 89 7/8 to 93 cents. Oats bids steady at No 2 white 34 1/2 to 34 3/4 cents. Hay bids showed No 1 Timothy 13.50, No 2 Timothy 12.50 to 13, and No 1 Clover mixed 12.50 to 13.50. Inspections listed several carloads by grade for wheat, corn, oats, and rye including No 2 white and No 3 white varieties.
MENTIONED IN THIS ARTICLE
Indianapolis Board of Trade
New York
Adgate
Timothy
Orn
Sample
Rye
Arley
City in Brief highlights summer gatherings and civic events
The Weber Milk Company Employes Benefit Association held its annual picnic at Garfield Park with about 300 attendees. Indianapolis Military Band to perform at Christian Park Sunday under park board guidance. Keesling family names Arch H. Hobbs of Indianapolis as principal speaker for the August 25 Middletown fairgrounds reunion. Anderson orchestra to provide entertainment. Missionaries R T Capen and wife depart for China from Seattle after a year’s furlough. their children Carl and Helen will study at Denison University this year. Standard Oil Company employes picnic draws about 250 to Broad Ripple Park. Harding Street branch parade precedes it. Eleven hundred Indianapolis postal employes and families to picnic Sunday at Columbia Park. Posey Chapman, 1933 N Alabama, charged with driving while intoxicated and drunkenness after colliding with Gilbert Schuster at Tenth and Delaware. no injuries. Sander-Yeager families plan annual reunion Sunday at Brookside Park with basket dinner, contests, and prizes for oldest and youngest present.
MENTIONED IN THIS ARTICLE
Weber Milk Company
Employes Benefit Association
Garfield Park
Keesling
Arch H. Hobbs
Indianapolis
Middletown Fairgrounds
Anderson Orchestra
R.T. Capen
First Baptist Church
China
Seattle
States
Carl
Helen
Denison University
Granville
Ohio
Standard Oil Company
Broad Ripple Park
Harding St
Posey Chapman
Alabama St
Gilbert Schuster
Buckle St
Tenth and
Delaware Sts
Sander-Yeager
Brookside Park
Bank and currency reports from major cities
Bank clearings across Indianapolis New York Chicago and Treasury figures show daily activity. Reports list clearings totals balances and reserves with foreign exchange rates and variances for August 17. Members include Federal Reserve Bank data and treasury balances.
Upward Stock Market Outlook Dimmed by Call Money Rise
The New York market Aug 17 showed brighter prospects fading as call money rose to 6 percent due to out of town withdrawals. Traders fear tighter credit signals and even with some gains, uncertainty grows with profit taking and selective buying. The credit situation remains a hurdle to sustained gains.
MENTIONED IN THIS ARTICLE
Thomson & McKinnon
New York
NIPSCO seeks authorization to issue stock to retire debt
A petition filed with the Public Service Commission by Northern Indiana Public Service Company requests authority to issue 300000 dollars of preferred stock at 5.5 percent and 180000 shares of no par value common stock. The move aims to retire existing 7 percent stock.
MENTIONED IN THIS ARTICLE
Public Service Commission
Northern Indiana Public Service Company
Petiton
Missing man found after coast guard rescue at Royale Isle
Emmet Crilly a Macomb Illinois school teacher who was reported drowned arrived safely at Copper Harbor Michigan from Royale Isle via a Coast Guard surf boat. He left Monday on an expedition alone and returned Tuesday to find his companions had left. A search was begun by Coast Guardsmen.
MENTIONED IN THIS ARTICLE
United Press
Copper Harbor
Mich
Emmet Crilly
Macomb
Ill
Royale Isle
Coast Guard
Crilly
Local Wagon Wheat 1 x Lets See Seta Act on Merits
A brief item notes that Local Wagon Wheat 1 x will proceed to evaluate Seta on its merits, signaling neutral review. The report emphasizes no predetermined outcome and confirms an impartial assessment process.
MENTIONED IN THIS ARTICLE
Seta
Fruit and Produce Price List from Local Market
A long OCR listing of wholesale and retail fruit and vegetable prices by item, origin, and unit. Includes apples, cherries, currants, berries, grapes, melons, pears, peaches, plums, citrus, gourds, greens, tubers, and misc. items with prices per crate, box, dozen, or 100 pounds, from regions such as California, Indiana, Virginia, Jamaica, Florida, and Kentucky.
MENTIONED IN THIS ARTICLE
Indiana
California
Doeslecerries
Virginia
Jamaica
Honer Dew
Ornia Valencias
Elbertas
Bartlett
Florida
Daylight burglar frightens child and mother scream
A daytime intruder entered Mrs. Ray Rupert’s home at 2121 W Walnut St while she shopped, waking seven year old Charles who cried out as drawers were searched and the burglar fled. Earlier, Sally Motley, six, frightened by a man peering into her bedroom window at 1 15 a m on Eighteenth Street alerted her mother Lula Motley to police.
MENTIONED IN THIS ARTICLE
Ray Rupert
Walnut St
Charles
Sally Motley
Lula Motley
Eighteenth St
Drunk Driving Charge Against William Burdon
William Burdon age 38 of 2008 North Keystone Avenue faces charges of operating a vehicle while intoxicated and drunkenness and driving with three persons in the car seat. Arrested after midnight by Lieut. Robert Woolen. He failed to produce a bill of sale for the car and ownership is under investigation. Two male passengers and a female were not detained.
MENTIONED IN THIS ARTICLE
William Burdon
Keystone Ave
Robert Woolen
Burdon
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Allisonville
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W. St. Clair
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north _side
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Iath
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Woodru
Kitch
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Furn
Fletcher
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seideuRhetal
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Riley
Sherman DR
Steel St
Call
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Pratt
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Nice
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I. i. Woodsmal & CO
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18Th
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New Mex & Ariz la Salt Creek Prod 27% Durant Motors, de Pantepec
Elec
Elec Investors
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Cities Service Co
Cities Service
Associated Gas
Marine United L & & PA
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Imp
Commission
Kentucky Wonders
Louisiana
Okra
Tennessee
Purdley
Vose & Sons
Hamilton
Matiogaty Onge
Escs Esssanensc
Whitney
Kurtzmann
Hinze
Portophone
UOC
Brushwick
Columbia
MBA
Ang Sure
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